Oil price falls to 11-year low with global glut expected

Price trend by month. Crude oil Brent price forecast for next months and years.Crude oil prices ended 2016 on a high note, and we see the price of oil headed even higher in 2017.

Dropping oil prices in the 1980s did help bring down the Soviet Union, after all. and that could help crude prices recover in the next year or two.Get the latest commodity trading prices for oil, gold, silver, copper and more on the U.S. commodities market and exchange at CNNMoney.Crude oil prices have been the driving force in the economy of a country - whether it is an oil producing country or oil consuming one.Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was. the price of West Texas Intermediate crude,.Oil prices climbed again Wednesday after an unexpected and sharp decrease in U.S. distillate stockpiles convinced traders to shrug off rising crude.

Current Oil Price: Brent Crude - PMBull.com

Oil prices have fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008.The price of Brent crude oil has fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008.Yes, the crude oil price is in the midst of a massive rebound.